Financial Accounting

Recommended Prerequisites

Normal.

Teaching Methods

  The methodology of the course of Financial accounting is in accordance with the following parameters:
•    Classes are theoretical and practical, performing a theoretical exposition illustrated wherever possible, with practical cases.
•    Shall be resolved practical exercises in each module for applying the theoretical content transmitted.

Learning Outcomes

Familiarize students with the principles, concepts, methods and techniques of Financial Accounting. Provide students with information to enable them to analyze the financial position and results of activities of any organization.

Study the Accounting Standardization System (SNC).

Articulate the core issues of financial accounting standards with the provisions contained in the SNC and the legal and tax aspects associated with it.

Work Placement(s)

No

Syllabus

1.Introduction
Objectives and scope of accounting
Accounting as a management tool
Users of financial information           
Major divisions
2.Accounting
Accounting process
The accounts
The releases
3.Main Financial Statements               
Balance            
Income Statement
4.Fundamental Concepts
Methods of measurement of inventories
Depreciation and amortization
Concept of gains and losses
Adjustments and Provisions
Accruals and Deferrals
The concept of fair value
The concept of impairment
5.Accounting Standardization System (SNC):
a) Framework
b) Financial Statements    
c) Non-Financial Assets and Liabilities   
d) Some components of the Income Statement    
e) The accounting standard and financial reporting for small entities
6.The concept of accounting year
Tabulation of results and closure
Preparation of financial statements
7.The Capital Corporation
The capital accounts, reserves and retained earnings.
The capital increases.
8.Resolution of practical exercises

Head Lecturer(s)

Maria da Conceição da Costa Marques

Assessment Methods

Assessment
Shall be resolved practical exercises in each module for applying the theoretical content transmitted: 100.0%

Bibliography

—     Gomes, J. M. L. e Pires, J. M. R.(2015) SNC – Sistema de Normalização Contabilística - Teoria e Prática. Vida Económica.

—  Horngren, C., Sundem, G. e Elliott, J. (2002). Introduction to Financial Accounting, Prentice-Hall International. ISBN: ISBN: 0-13-042362-9

—  Marques, Maria da Conceição (2004). Noções Fundamentais de Contabilidade Financeira. LEX Editora.

—  Normas Contabilísticas e de Relato Financeiro (NCRF).

—  Paul Solomon (2004). Financial Accounting: a new perspective, McGraw Hill:Irwin. ISBN: ISBN: 0-07-284034-X

—  Rodrigues, João (2015). SNC explicado. Porto Editora

—  Sistema de Normalização Contabilística (SNC) aprovado pelo Decreto-Lei nº 158/2009, de 13 de Julho, com as alterações introduzidas pelo DL 98/2015, de 2 de junho e legislação complementar.

—  SNC – Sistema de Normalização Contabilística. Porto Editora